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Regions Bank is based in the Regions Center in Birmingham, Alabama. Incorporated in 1971, Region bank provides commercial banking and retail banking, trust, mortgage, and stock brokerage services. It was started as First Alabama Bancshares. The bank operates as a subsidiary of the Regions Financial Corporation.
The bank has approximately 2,000 ATMs and 1,389 branches spread across 15 states in the Midwest and the South. It is a commercial bank, FED member, and a state charter according to the records of the Federal Deposit Insurance Corporation. Regions Bank is a FDIC-insured bank with a certificate number of 12368. The assigned Fed RSSD ID of Regions Bank is 233031.
Currently, Charles D. McCrary is the Chairman of the Regions Bank. John M Turner Jr. is the CEO and President of the organization and David J Turner Jr. is the CFO. The Regions Bank is traded in the NYSE as RF.
As of 2019, the reported income of the Regions Bank was around $1.5 billion. The bank has total assets of $145.18 billion for the quarter ending December 31, 2020. Regions Financial Corporation is among the Fortune 500 companies. At the time of writing, it is ranked at 446th position. In terms of deposit holders, it is one of the largest banks in Arkansas, Mississippi, Louisiana, and Florida.
Formerly, the Regions Bank was known as First Alabama Bancshares. It was formed on July 13, 1971, as a result of the merger of three banks in the Alabama state - Exchange Security Bank of Birmingham, First National Bank of Montgomery, and First National Bank of Huntsville.
In 1994, the bank rebranded as Regions Financial Corporation to reflect their growth into their regional company. Since its incorporation, The Regions Bank acquired Rebsamen Insurance Company, Morgan Keegan & Company, Independence Bank, Union Planters Bank, and AmSouth Bancorporation.
Regions bank is one of the largest financial institutions in the US. In Alabama, Regions Bank is the largest deposit holder.
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Regions Bank provides a range of financial services to individuals, small businesses, and commercial sector. In the personal banking department, Regions Bank offers checking accounts, prepaid cards, debit cards, credit cards, and deposit boxes.
For small businesses and the commercial sector, it offers business checking accounts, lending, treasury services, real estate banking, regions securities, and several industry-specific products.
Additionally, Regions Bank provides wealth management services, investment products, retirement planning products, and asset management solutions.
For more information on these services, visit their official website at https://www.regions.com/.
